Define Company Relationship
Explanation
Use this activity to define the relationships between a parent company and its
subsidiaries.
Prerequisites
Before connecting the subsidiary to the parent company, the following must have
been completed:
- The subsidiary must exist in IFS Financials.
- The code part for the consolidation must be defined for the parent company.
- The code part value for the subsidiary must be defined in the code part
for consolidation in the parent company.
System Effects
As a result of this activity, the code parts in the subsidiary can be connected
to the code parts in the parent company.
Window
Company
Relationships
Related Window Descriptions
Company Relationship
Procedure
- Open the Company Relationships window.
- Create a new record.
- Use the List of Values to enter the subsidiary company's ID in the Subsidiary
Company field. The description for the selected company and the currency
code used by the subsidiary will be automatically populated by the system in
the relevant fields.
- Use the List of Values to enter the parent company of the subsidiary in
the Parent Company field. The description for the selected company and
the currency code used by the company will be automatically populated by the
system in the relevant fields.
- Use the List of Values to specify the code part value used for consolidation
in the parent company. The description for the code part value will be automatically
populated.
- Select the source used by the company for consolidation from the Consolidation
Source list.
- You can enter the path to which the consolidated files should be saved.
- Save the information.